Bank of America Corporation (NYSE:BAC) may be considered the poster child for stocks whose valuations are based on earnings and earnings growth. Bank of America Corporation (NYSE:BAC)’s has recovered from the financial crisis and will soon have greater flexibility to implement shareholder-friendly policies. Its dividend is expected to grow considerably over the next few years. Bank of America Corp (NYSE:BAC) stock performance was -2.51% in last session and finished the day at $16.72. Traded volume was 110.41million shares in the last session and the average volume of the stock remained 106.71million shares. The beta of the stock remained 1.86. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.
Charlotte’s largest banks, Wells Fargo & Co. (NYSE:WFC) and Bank of America Corp. (NYSE:BAC), made the deepest cuts among large financial institutions. San Francisco-based Wells Fargo & Co. (NYSE:WFC), the nation’s largest mortgage lender, laid off 6,047 during the fourth quarter, followed by Charlotte-based BofA with 4,000, Mortgage Daily’s report says. Wells Fargo & Co (NYSE:WFC) dropped -0.54 percent to $49.56 Friday on volume of 18.70million shares. The intra-day range of the stock was $49.56 to $50.49. Wells Fargo & Co (NYSE:WFC) has a market capitalization of $260.78billion.
JPMorgan Chase & Co. (NYSE:JPM) had its target price boosted by Oppenheimer from $72.00 to $75.00 in a report issued on Thursday, AR Network reports. They currently have an outperform rating on the stock. JPMorgan Chase & Co. (NYSE:JPM)’s stock on Apr 04, 2014 reported a decrease of -1.40% to the closing price of $59.81. Its fifty two weeks range is $46.05-$61.48. The total market capitalization recorded $226.49billion. The overall volume in the last trading session was 16.97million shares. In its share capital, JPM has 3.79billion outstanding shares.
Pangaea REIC, the real estate investment trust owned by Invel Real Estate Partners and the National Bank of Greece (ADR) (NYSE:NBG), aims to raise about 1 billion euros ($1.4 billion) to invest in Greece and Italy, three people with knowledge of the matter said. On Friday, shares of National Bank of Greece (ADR) (NYSE:NBG) dropped -0.36% to close the day at $5.52. Company return on investment (ROI) is -11.30% and its monthly performance is recorded as 18.71%. National Bank of Greece (ADR) (NYSE:NBG) quarterly revenue growth is -2.30%.